China is #1 in these categories

Experts are willfully wrong about when/if China will overtake the US as the largest economy in nominal GDP

Is it really hard to believe that China will soon be the #1 economy (in USD)?

Here are 25+ metrics in which China is already #1 in the world:

🔹PPP GDP

🔹Manufacturing

🔹Exports

🔹Foreign exchange reserves

🔹Banking system

🔹Size of middle class

🔹EV manufacturing/sales

🔹Solar & wind energy capacity

🔹Patents

🔹Scientific papers - quantity and quality

🔹Fortune 500 firms

🔹E-commerce market size

🔹Production of steel, cement, aluminum & electricity

🔹Medium hi-tech manufacturing

🔹Worldwide market share of smartphones, drones, household appliances

🔹High-speed rail and Expressways

🔹Skyscrapers

🔹Busiest container seaports

🔹Expressways (length)

🔹Subway/metro system (length)

🔹Top 10% of richest individuals in the world

🔹STEM and PhD graduates

🔹Best universities for engineering and computer science

🔹PPP R&D spending

🔹Supercomputers (in Top 500 list)

🔹Rare earth minerals - mining as well as refining

🔹Largest navy (in number of ships)

🔹Industrial robots

🔹Retail market (#1 or close #2)

🔹Luxury market

🔹Spending by outbound international tourists

🔹5G users and base stations

🔹IPO and billionaires — #1 or #2, depending on the year and the reports.

🔹Number of diplomatic posts around the world

🔹Largest funder of infrastructure projects (#BRI) around the world

America’s “experts” are totally wrong about China. And even the IMF is wrong in its forecast about China because the IMF doesn’t consider the strengthening of yuan. However, due to dedollarization and the debt crisis in the US, the dollar will weaken over the next decade. My prediction is that the RMB will appreciate 15-20% against USD, and this will propel China to the top before 2030.

— S.L. Kanthan